But the move raises several critical questions regarding the current stature of Bitcoin and other digital assets in distinct countries and its state of acceptance as a means of payment.
Due to its volatile nature, the price that you pay for something today might not be worth the same tomorrow, indicating that a Bitcoin mortgage today for US$2000 might easily become US$4000 tomorrow.
There are a few ways to make Bitcoin mortgages work, and each way is subject to the distinct laws and regulations that pertain to each country, and distinct policies that differ from lender to lender.
There have definitely been other downturns for the crypto market and Bitcoin, but this incident marked the second-largest ever decline in the dollar for both.
Investors who can afford the volatility of Bitcoin can invest in it and even use it to pay mortgages, but for those who are new in the market and are looking for safe and transparent means of payment, a Bitcoin mortgage might be a dangerous option right now.